5609.0 - Housing Finance, Australia, Jun 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 08/08/2007   
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JUNE KEY FIGURES

Trend estimates
Seasonally adjusted estimates
Jun 2007
May 2007
to Jun 2007
Jun 2007
May 2007
to Jun 2007

Value of dwelling commitments(a)
$m
% change
$m
% change
Total dwellings
23 189
2.6
24 390
9.2
Owner occupied housing
15 781
2.0
16 288
6.6
Investment housing - fixed loans(b)
7 408
3.9
8 102
14.8
Number of dwelling commitments(a)
no.
% change
no.
% change
Owner occupied housing
66 531
0.8
66 763
1.1
Construction of dwellings
4 575
0.2
4 660
3.2
Purchase of new dwellings
3 084
1.9
3 159
5.7
Purchase of established dwellings
58 872
0.8
58 944
0.7

(a) Includes refinancing.
(b) Excludes revolving credit.

Value of dwelling commitments, Total dwellings
Graph: Value of dwelling commitments, Total dwellings

Number of dwelling commitments, Owner occupied housing
Graph: Number of dwelling commitments, Owner occupied housing



JUNE KEY POINTS


TREND ESTIMATES

June 2007 COMPARED WITH May 2007:

  • Total value of dwelling finance commitments excluding alterations and additions increased by 2.6%. The value of owner occupied housing commitments increased by 2.0%, while the value of investment housing commitments increased by 3.9%.
  • The number of commitments for owner occupied housing finance increased by 0.8%, while the number excluding refinancing increased by 1.4%.


SEASONALLY ADJUSTED ESTIMATES

June 2007 COMPARED WITH May 2007:
  • Total value of dwelling finance commitments excluding alterations and additions increased 9.2%. Owner occupied housing commitments increased 6.6%, and investment housing commitments increased 14.8%.
  • The number of commitments for owner occupied housing finance increased by 1.1%, and the number excluding refinancing increased by 2.2%.


ORIGINAL ESTIMATES
  • The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments increased from 16.6% in May 2007 to 16.7% in June 2007.
  • The number of fixed rate loan commitments as a percentage of total owner occupied housing finance commitments decreased from 17.4% in May 2007 to 17.0% in June 2007.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
July 2007 10 September 2007
August 2007 10 October 2007
September 2007 7 November 2007
October 2007 10 December 2007
November 2007 16 January 2008
December 2007 11 February 2008



REVISIONS

Revisions were made to include the latest available administrative and survey data.



CHANGES TO THE FORTHCOMING ISSUE

The release date of the July 2007 issue of Housing Finance (5609.0) has changed due to the declaration of a public holiday for metropolitan Sydney on 7 September 2007 in response to the APEC Summit. The new release date has been set for Monday 10 September 2007.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Michael Abbondante on Canberra (02) 6252 6707.